EV-a2zEV-a2z
Notification Show More
Aa
  • News
    • EV Type
      • BEV
      • HEV
      • PHEV
      • FCEV
    • System
      • EV
      • Battery
      • Charging Infra
    • Veh. Type
      • Bike
      • 3 Wheeler
      • Car
      • Bus
      • Truck
      • Aircraft
    • Country
      • United States
      • United Kingdom
      • Australia
      • India
      • China
      • Germany
      • Japan
      • Canada
    • Company
      • Tesla
      • BYD
      • General Motors
      • Ford
      • Toyota
      • Volkswagen
      • Hyundai
      • Stellantis
    • Energy
      • Solar Energy
      • Wind Energy
  • Reviews
  • FAQ
  • Listicles
  • Sales Report
  • Guidance
    • Policy
    • Standards
    • Regulations
  • Books
  • Expo
  • Glossary
Search
© EV-a2z. All Rights Reserved.
Reading: Nio says no to robotaxis as it is “not sustainable” business
Share
Aa
EV-a2zEV-a2z
Search
  • News
    • EV Type
    • System
    • Veh. Type
    • Country
    • Company
    • Energy
  • Reviews
  • FAQ
  • Listicles
  • Sales Report
  • Guidance
    • Policy
    • Standards
    • Regulations
  • Books
  • Expo
  • Glossary
Follow US
EV-a2z > News > Nio says no to robotaxis as it is “not sustainable” business
News

Nio says no to robotaxis as it is “not sustainable” business

EV-a2zm
Last updated: 2024/07/30 at 1:34 AM
EV-a2zm Published July 30, 2024 3 Min Read
Share
3 Min Read
Shanghai, China - Sep 3, 2020 NIO logo and the NIO store in downtown. Retail display of store at Shanghai Center mall in night. NIO is a Chinese electric car brand. NIO cars inside the store
Shanghai, China - Sep 3, 2020 NIO logo and the NIO store in downtown. Retail display of store at Shanghai Center mall in night. NIO is a Chinese electric car brand. NIO cars inside the store
SHARE

Chinese electric automaker Nio has just announced that it has no plans to penetrate the emerging robotaxi industry as it does not see it as a “sustainable” business model, CnEVPost reports, citing Chief Executive  William Li’s statements to local media after the Nio IN 2024 event in Shanghai on Saturday.

Contents
Nio CEO rules out robotaxi service despite the tech’s growing popularityIntensifying robotaxi race

Li Bin, the CEO of NIO, said that Robotaxi is just a technological advancement that can improve driving safety, but NIO will not engage in Robotaxi because it does not address the existing issues of traffic efficiency.
😅 pic.twitter.com/kFfZh3XJOJ

— 𝐶ℎ𝑎𝑟𝑙𝑒𝑠 (@CharlesWBoy) July 28, 2024

Nio CEO rules out robotaxi service despite the tech’s growing popularity

Nio Founder and CEO William Li expressed his strong resistance to penetrating the robotaxi industry while players, including American leader Tesla and Chinese startup XPeng, are joining the robotaxi race.

William Li discusses Robotaxi, English Subtitles is added. $NIO pic.twitter.com/spQlJWdF8y

— Jason (@Jas0nYu) July 28, 2024

CEO Li asserted that Nio will not join the robotaxi race as it refuses to take jobs from ride-hailing human drivers, saying that it is not “inspiring.” He further contended that smart driving technology must focus on reducing accidents and driver fatigue.

“The technology for Robotaxi will definitely mature from a technical perspective; I have no doubt about that. If Robotaxi cannot be realized, then there’s no point in talking about artificial intelligence (AI) —it will definitely mature, sooner or later.

But is it necessarily a sustainable business? No, it’s not. Robotaxi cannot solve the issue of traffic volume, so in the end, the number of operational vehicles a city can accommodate, whether driven by humans or not, is limited. This limitation means that Robotaxi will never become a business with limitless expansion like software or cloud services. Wake up.”

Nio Founder and CEO William Li

Intensifying robotaxi race

Electric automakers like Tesla and XPeng and other self-driving tech companies like Baidu are actively pursuing research and development for their respective robotaxi technologies.

Tesla originally planned to reveal its highly-awaited robotaxi on August 8, 2024. However, CEO Musk postponed the event to October 10 due to design updates.

On the other hand, XPeng declared plans in November 2021 to explore robotaxis in H2 2022. In a major advancement, CEO He Xiaopeng announced in a  Weibo post on July 25 that the automaker plans to introduce a “very competitive” robotaxi in 2026 at a set pace. It plans to develop robotaxi vehicles, with its partners managing the operations.

Moreover, Chinese tech giant Baidu is already operating its Apollo Go robotaxi platform in about a dozen Chinese cities. Mirroring Nio boss’ concerns, Wuhan-based ride-hailing drivers complained that Baidu was stealing business from them.

All that said, Nio CEO William Li’s refusal to enter the robotaxi space is indeed understandable. Apart from discussing the robotaxi business, Nio also showcased some of its groundbreaking innovations such as the Banyan 3 smart car system and the world’s first automotive-grade 5nm high-performance intelligent driving chip, Shenji NX9031, among others.

You Might Also Like

Hyundai reveals battery suppliers of its EV models amid fire concerns

Uber boss casts doubt on Tesla’s Robotaxi vision

Tesla secures direct sales license in Kentucky

CATL launches showroom of EV models powered by its batteries in China

Tesla Semi to hit European roads

TAGGED: Autonomous Driving, China, Electric Vehicle, EV, NIO, Robotaxi
EV-a2zm July 30, 2024 July 30, 2024
Share This Article
Facebook Twitter Flipboard Whatsapp Whatsapp LinkedIn Reddit Email Copy Link

Follow US

Find US on Social Medias
Facebook Linkedin Twitter

Weekly Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Popular News
Shenzhen, China – June 6, 2017 The hybrid plug-in of BYD Song SUV on display during the 2017 Shenzhen-HongKong-Macao International Auto Show in Shenzhen, China.
News

Surge of Chinese EVs hits Brazilian market

EV-a2zm By EV-a2zm June 4, 2024
Hyundai gears up for India’s biggest IPO: $3 billion target
Ford mulls an Indian factory relaunch to produce low-cost EVs, report says
BMW to develop a new €100+ battery testing center in Wackersdorf site
Hertz increases electrification spending following record earnings
- Advertisement -
Ad imageAd image

Tags

Australia (197) Autonomous Driving (110) Battery (805) BEV (71) BMW (105) BYD (319) Canada (74) CATL (84) Charging Infrastructures (360) China (749) Electric Truck (72) Electric Vehicle (4971) Elon Musk (324) Europe (466) EV (5090) EV Sales (169) Ford (180) Full Self-Driving (94) General Motors (118) Germany (134) Gigafactory (90) Honda (74) Hyundai (156) India (268) Japan (82) Kia (92) Lithium (74) Lithium-ion Battery (79) Mercedes Benz (83) NIO (101) Nissan (77) Renewable Energy (91) Rivian (76) Solar Power (99) Stellantis (117) Tesla (1564) Tesla Cybertruck (101) Tesla Model 3 (151) Tesla Model Y (178) Tesla Superchargers (90) Toyota (154) UK (150) USA (1518) Volkswagen (183) Volvo (76)

About Us

Your definitive guide to the electric vehicle and renewable energy transition, offering insights, news, and analysis on EVs and green energy trends.

Top Menu

  • News
  • Reviews
  • Listicle
  • EV Sales
  • FAQ

Resource

  • Policy/Standard/Regulation
  • Glossary
  • Books
  • Expo
Subscribe to Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

EV-a2zEV-a2z
© EV-a2z. All Rights Reserved.
  • About EV-a2z
  • Terms
  • Privacy
  • Cookie Policy
  • Contact
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT
Newsletter Tesla red
Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

Zero spam, Unsubscribe at any time.
Go to mobile version
adbanner
AdBlock Detected
Our site is an advertising supported site. Please whitelist to support our site.
Okay, I'll Whitelist
Welcome Back!

Sign in to your account

Lost your password?